Weekly: Last week, Sensex broke the important support level of 16000-15752, and finally made a low of 15425 before closing just below the 15500 mark. Now in this week, we may consider resistance at 16000-16100, downward bias to continue, and likely to test 14837-15473, whereas some support cannot be ruled out. One Mantra - No buy please.
Today: Sensex opened positively after showing volatility in the market. At the end it, closed with correction negatively. Technically below 16372, can see more downside. We can see target around 14500. Now we may consider support at 15425-15330-15097, and resistance at 15651-15745-15923.